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PBS
Mar 1, 2011 6:30pm PST
temporary and relatively modest increase in u.s. consumer price inflation. >> susie: the latest on inflation and what it'll take to end the fed's government bond buying binge. you're watching "nightly business report" for tuesday, march 1. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. ben bernanke said today the federal reserve is ready to take action if high oil prices threaten the economy. susie, the fed chief's comments came on a day when oil prices gushed higher. >> susie: tom, as bernanke was testifying on capitol hill in washington, oil futures trading here in new york surged to just below the $100 level. april crude rose $2.66 a barrel, or more than 2.5%. and those rising oil prices triggered a stock sell-off on wall street-- the dow fell 168 points, the nasdaq lost 44, and the s&p 500 off almost 22. >> tom: against that market back
PBS
Mar 23, 2011 12:30am PDT
situation. >> so far, u.s. forces have taken a prominent role in un authorized operation. after our phone conversation with david cameron and nicolas sarkozy, barack obama made clear that soon increasingly fewer american planes will be involved appeared >> i would expect that over the next several days, we will have clarity and a meeting of the minds of all those participating in the process. we are seeing a significant reduction in the number of u.s. planes involved in operations over libya appeared >> this is the result. a workshop on the military base in tripoli. overnight bombing had caused some destruction but no one had died. elsewhere in the city, authorities alleged allied air strikes have killed many civilians. the bbc has asked for evidence of this but none has been provided. >> joining me on the line from tripoli is a local resident. we are not revealing his name. thank you for joining us. just tell me what exactly is going on at the moment in to the capitol where you are. >> i can tell you it's very quiet. i am not hearing any shelling or anti-aircraft. >> and how has it
PBS
Mar 7, 2011 6:00pm PST
million u.s. dollars to achieve its objectives. it will be revised in about two weeks to reflect the evolving situation. >> the french warship has arrived in geneva. -- tunisia. a number of refugees has reportedly gone down. they fear people could be stranded on the other side. >> the newly appointed interim government indonesia has dissolved the secret police -- in tunisia has dissolved teh secret police. thousands of community policemen has put a ban on public protests. they pushed through several buildings. there is the third government reshuffle in the month. they demanded jobs, political reform, and a crackdown on corruption. that has been the place. president obama has approved of the resumption of guantanamo bay in cuba. the facility that president obama vowed to close will operate for some time to come. the correspondent in washington says president obama may have had the option to change the policy. >> this is president obama accepting political reality. there has been a lot of opposition to the idea of closing down guantanamo bay. also, the white house has found it very dif
PBS
Mar 18, 2011 6:30pm PDT
u.s. and its allies are ready for military action. tom, the president's message was aimed at libyan leader moammar qaddafi. >> tom: susie, speaking at the white house, president obama said qaddafi must end the violence and pull back troops from towns under attack. >> let me be clear, these terms are not negotiable. if qaddafi does not comply, the resolution will be enforced through military action. >> susie: ahead of the president's warning, libya said it's ceasing all military action and will begin talking with opposition groups. that came after a vote at the united nations calling for a no- fly zone over the country. not surprisingly, oil markets were volatile today. crude prices closed down 35 cents to settle at $101 a barrel, off their high of $103. as suzanne pratt reports the oil market is coping with a long list of issues. >> reporter: in the past week much of the world has been fixated on japan, with one exception. the global oil market is paying much more attention to bubbling conflict in north africa and the middle east. oil trader john woods says right now all eyes are li
PBS
Mar 18, 2011 6:00pm PDT
in the diplomatic effort. this is the last signal. the u.s., u.k. and france have set the conditions. after the summit, i think that we will launch the military intervention. >> reports from libya said forces loyal to colonel khadafy continue to attack rebel forces despite the cease-fire. we traveled to the east of the country. we have a report from benghazi. >> what began as a rebellion now sounds more like a war. this area has been attacked from the sea, land and air. it is a graphic illustration of why a no-fly zone is needed. over the last hour or so we have been listening to the sound of what appears to be a pretty brutal battle between the two sides. we can hear the sound of rockets and artillery landing. we believe that the front line has now edged slightly closer to benghazi. it is difficult to know what the tactics of colonel khadafy are, but they seem to be applying as much pressure as they can upon the rebels before the no-fly zone is put into action. >> it is impossible to know how many have died here. we were shown the bodies of two fighters killed here today. the confli
PBS
Mar 14, 2011 6:30pm PDT
nuclear energy here in the u.s., we continue our coverage of japan's massive earthquake. you're watching "nightly business report" for monday, march 14. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. my colleague tom hudson is off tonight. it's day four of japan's monstrous earthquake and tsunami, and the full brunt of the damage is still unknown. the death toll is expected to exceed 10,000 and the country continues to battle the threat of a catastrophic nuclear accident. now japan is focused on the enormous human suffering, but attention around the world is also shifting to the economic consequences of the disaster. many economists believe the country is likely to slide into recession. so what will that mean for the rest of the world? suzanne pratt reports. >> reporter: there's no question the human toll of japan's epic earthquake and tsunam
PBS
Mar 28, 2011 6:00pm PDT
now, "bbc world news." >> president obama says the u.s. had a moral obligation to intervene in libya. they will now seek control of major operations to nato. >> i said america's role would be limited and we would not put ground troops into libya. we would focus our unique capabilities on the front end of the operation and transfer responsibility to our allies and partners. tonight, we are fulfilling that pledge. >> allied strikes on libya continue. the rebels he -- meet heavy resistance but pledged to continue their advance westward. >> i will hold gaddafi and kill him. >> fist fighting in the western city upper -- of misrata. we are broadcasting to our viewers in p.b.s. in america, and around the world. japan's prime minister declares a state of maximum alert over the crisis at the fukushima nuclear plant. president obama has made his first formal speech on the military campaign in libya. the address in washington came amid some criticism in the united states that the president has yet to explain what the goals of military action are and how long the military action will last. he re
PBS
Mar 29, 2011 6:00pm PDT
, president obama has said he has not ruled out supplying u.s. weapons to opposition figures in the country. he also says he believes colonel gaddafi was losing control of his country would ultimately step down. speaking in a series of interviews on american news networks, president obama called on the leadership around colonel gaddafi to make it clear that he had to go. >> the circle around gaddafi understands that the noose is tightening, that their days are probably numbered. and they're going to have to think through what their next steps are. but as i have been very clear about throughout, there's certain things they can do that will send the signal that he's ready to go. until that time, we're going to keep on applying pressure and hopefully he's going to be getting the message soon. >> if gaddafi ends up in a villa someplace in zimbabwe with no war crimes trial, is that ok with you? >> well, you know, that's not going to be my decision alone. i will tell you, though, that the first step is for gaddafi to send a signal that he understands the libyan people don't want him ruling anymor
PBS
Mar 8, 2011 6:30pm PST
wall street. here's how u.s. attorney preet bharara put it when charges were announced at the end of 2009. >> it would be a mistake to think that this investigation is focused only, or even principally on, hedge funds. we have gone far beyond that. in fact, this investigation goes to the very heart of fair play in the business world. >> susie: joining us now with more analysis, steven feldman. he's a former u.s. attorney who worked in new york's securities fraud task force, and is now a white collar defense attorney at herrick, feinstein. >> hi, steven, nice to have you here with us. >> thank you, susan. >> susie: how strong is the government's case against raj rajaratnam? >> susie, that's what we're going to find out. the government, up until now, does all of the talking. they have the indictment. in that indictment, they put forward their best foot, and all their evidence. that evidence seems to be strong. it includes hours and hours of wiretap evidence, that includes the testimony of confidential performants. the defense has not had a chance to do anything yet. that's why we have
PBS
Mar 24, 2011 6:30pm PDT
jose socrates to resign. >> susie: here in the u.s., the financial markets ignored those debt concerns. but erika miller looks at why american investors may want to pay attention to the crisis in portugal. >> reporter: for the past few weeks, investors have had plenty of distractions, ranging from political upheaval in egypt and libya to natural disasters and nuclear problems in japan to sharply higher oil prices. but today, the spotlight was on a problem many thought had gone away-- the european debt crisis. the fall of the portuguese government has pushed that country's borrowing rates to record levels, making it more difficult for portugal to get a handle on it's debt. economist brian levitt says the fear in financial markets is that portugal could need an expensive bailout. >> the big fear about the fall of the government in portugal is that they are not going to go through the austerity measures that they need, that the larger euro-economies want for them to go through in order to get additional credit facilities. >> reporter: another fear is contagion, reinforced by cred
PBS
Mar 3, 2011 6:00pm PST
fled libya. the u.s., britain and tunisia are providing planes. egypt is providing ships. the u.k. in the last hour, the opposition labour party has won the election in the north of england, taking 61% of the vote. parts of the governing coalition, the liberal democrats, the war's second in the general election last year, where six -- who were second in the general election last year, 6th.were >> the labor party has replaced a man convicted of using parliamentary expenses. a paratrooper, an officer in the british army, last year's serving in afghanistan is the new m p year in south and york sure -- here in south yorkshire earning. anything less would of been embarrassing. it has been a very bad night for the liberal democrats. they have slipped from second place in the general election last year to 6th, barely mastering 1000 votes for their candidate. it has been embarrassing for him personally and humiliating for the liberal democrats the will see this as the first sign of what they can expect in some parts of the u.k. as the cup that the government, the coalition government -- t
PBS
Feb 28, 2011 6:30pm PST
persistently high u.s. unemployment. >> we will continue to get headlines that are negative headlines. it just seems that the market is so resilient at this point that it digests the headlines and it really takes just a day or two to shake it off. >> reporter: and, experts say it's a lot easier to shake off those headlines if the u.s. economy is on strong footing. suzanne pratt, "nightly business report," new york. >> tom: for many businesses, it's gasoline prices that are worrying. and those prices are expected to continue climbing following the sharp rise in the price of crude oil. the national average price for a gallon of regular gasoline is now $3.35. that's up nearly 20 cents from a week ago, and 65 cents higher than a year ago. economists say higher fuel costs could force some consumers to pull back discretionary spending. as diane eastabrook reports, many small businesses are afraid to raise prices, despite gasoline costs eating into profits. >> reporter: the prices phillip's flowers and gifts has been paying for roses and other blossoms have been stable in recent months. that's the go
PBS
Mar 30, 2011 6:30pm PDT
focus on u.s. energy independence. >> susie: tom, the president says it's time to "get serious about a long-term policy for secure affordable energy." >> tom: the president issued his blueprint for a secure energy future. it calls for cutting the nation's oil imports by one third by 2025. >> we're going to have to find ways to boost our efficiency so we use less oil. we've got to discover and produce cleaner, renewable sources of energy that also produce less carbon pollution, which is threatening our climate. and we've got to do it quickly. >> tom: the response from the oil industry has been varied. conoco phillips said it was encouraged by the president's call for more domestic oil production, but that it wants to see more specifics. while the former president of shell oil, john hofmeister, says the president's energy plan sounded more like a campaign speech. >> i heard politics as usual, because if there was a seriousness about it, if there was an intent to move forward, i think there would be more than rhetoric. there would be specifics around what would happen this calendar year
PBS
Mar 25, 2011 12:30am PDT
extend beyond that and there would still be a separate coalition operation. if you hours ago, u.s. secretary of state hillary clinton said airplanes from the united arab emirates would be joining the no-fly zone. >> final preparations for these french pilots as they contemplate another mission over libya. france was at the forefront of the diplomatic flight to get a no flight -- a no-fly zone it installed, and now they're actively involved in maintaining it. while their mission is clear, who controls the international mission has been less so until now. >> nato allies have decided to enforce the no-fly zone over libya. we are taking action as part of the broad international efforts to protect civilians against the attacks by the khadafy regime. >> that will be music to the years of the u.s. government, which four days has been seeking to reduce the level of american involvement in policing the no- fly zone. news of the agreement brought this response from the secretary of state. >> nato is well-suited to coordinating this international effort and ensuring that all participating na
PBS
Mar 25, 2011 12:00am PDT
tavis: good evening from los angeles, i'm tavis smiley. with the u.s. military now engaged in three separate conflicts in three muslim countries, there is a growing concern tonight about u.s. policy in the region and the priorities of the obama administration and so first up tonight, a conversation about the latest intervention in libya with richard haass, president of the council on foreign relations. also tonight, acclaimed artist and filmmaker julian schnabel is here, the director of "the diving bell and the butterfly" is out with a new film called "miral." it is said against with the israeli conflict in the middle east. glad you joined us, richard haass and filmmaker julian schnabel coming up right now. >> all i know is his name is james and he needs extra help with his reading. >> i'm james. >> e making a difference, you make us all live better. >> nationwide insurance supports tavis smiley. with every question and every answer, nationwide insurance is proud to join tavis in litter si and nationwide is on your side. >> and by contributions to your pbs station from viewers like
PBS
Mar 17, 2011 12:30am PDT
that u.s. military personnel and u.s. citizens in japan should actually go back to a radius of 80 kilometers around fukushima. japan has said 20 kilometers, so it seems that the u.s. has an assessment that is fairly serious. >> any idea if they are following the french lead, recommending that they leave japan altogether? >> we have not had any word on that from the united states government. i think that would be much further for the u.s. in the sense that the u.s. has so many people in the country, currently 50,000 u.s. troops currently in japan get there is concern. the u.s. government says it is monitoring -- currently in japan. there is concern. the u.s. government says it is monitoring the situation. there is no thought that anyone residing in the u.s. is at risk. >> but with 34 u.s. experts landing on wednesday, joining seven others, all with an american equipment, the u.s. is having to answer questions about whether it even trusts japan completely. >> a slight difference from what we are hearing out of japan and from the united states. i think it is worth pointing out that a
PBS
Mar 30, 2011 12:00am PDT
. public school sister. she is the ceo of students first, a nonprofit to address concerns of u.s. schools servants -- u.s. schoolchildren. many of her ideas were at the center of the documentary "waiting for superman." we are glad you could join us. >> all i know is his name is james, and he needs extra help with his reading. >> i am james. >> yes. >> to everyone making a difference -- >> thank you. >> you help us all live better. >> nationwide insurance supports tavis smiley. with every question and every answer, nationwide insurance is proud to join tavis in working to improve financial literacy and remove obstacles to economic empowerment, one conversation at a time. >> nationwide is on your side >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] captioned by the national captioning institute --www.ncicap.org-- tavis: michelle rhee served as chancellor of the d.c. public school system from 2007 through 2010. she is now founder and ceo of students first. she joins us from washington. thank you for y
PBS
Mar 4, 2011 12:30am PST
not where the u.s. government is at the moment. it is a lesser preferred options. we have had a lot of talk about the idea of a no-flight zone over libya. that would require military action. the united states is not ruling out that option, but is reluctant to commit to it. the reasons for that essentially are one that the united states have commitments elsewhere, like afghanistan, and how to direct military action would be perceived by people and leaders elsewhere in the middle east. >> he is an egyptian surgeon in eastern libya were at least 14 were killed. earlier, i spoke to him and asked him how long he had been in libya. >> i have been in libya for a week now. we are offering medical surgical help to the libyan people who have been injured. >> have you, as a group? >> 7 egyptian surgeons. i am you're working at the medical facility about 70 kilometers from where it happens. >> can you describe what you have seen in the city? >> in the past two weeks, we have received several patients, 14 people were killed. we have received them here at the medical facility. the type of injuries r
PBS
Mar 30, 2011 12:30am PDT
libya, president obama has not ruled out supplying u.s. weapons to opposition figures in the country. he believed he was losing control of libya and would ultimately step down. a series of interviews with the american news network, president obama called on the leadership around the colonel to make it clear he had to go. >> people don't want him rolling anymore. they will have made a determination to what the most appropriate way to facilitate him stepping down will be. >> what would you make any calls to say, take him? >> we have not gotten to that stage yet. it is fair to say that if we wanted to get weapons into libya, we probably could. we're looking at all of our options at this point. keep in mind what we have accomplished. we have instituted a no-fly zone because it is an international effort. >> could we have it there in a day or two days? >> i will not talk about operations at that level. >> they explained why the president obama would wait and see before making a decision on army and rebel forces. >> as things stand, can the rebels defeat the forces? the answer might be dea
PBS
Mar 1, 2011 12:30am PST
qaeda or in setting the protest. the u.s. ambassador to the un branded the performance as "delusional." we spoke to the man at the center of libya's unfolding crisis. >> it was colonel gaddafi's first interview for western journalists since the crisis started. he agreed to see the bbc, abc news from the united states, and "the sunday times." the interview was held in a restaurant overlooking tripoli port. he said the u.n. sanctions against libya was illegitimate. he was asked if he would ever leave the country. >> [laughter] as if anyone would leave their homeland. >> you are known as the leader here. you have been the leader for many years. there are plenty of people in this country who would say the biggest obstacle to change for them and for libya is you. he said his presence actually instigated change for the people. mr gaddafi has no official title as leader. in recent years, you have had a rapprochement with western countries. you have had leaders like tony blair come here. but now leaders are queuing up to say you should go. do you feel a sense of the trail about that? -- of th
PBS
Mar 22, 2011 6:00pm PDT
his behalf have been reaching out. this is a very dynamic situation. >> so far u.s. forces have taken a prominent role in the u.n. authorized operation. barack obama made it clear that soon increasingly fewer american planes will be involved. >> i would expect that over the next several days we will have clarity and a meeting of the minds with all those participating in the process. we are already seeing a significant reduction in the number of u.s. planes involved in operations over libya. >> and this is the result of those operations, a workshop on a military base where an officer told the bbc overnight bombing caused some destruction but nobody died. elsewhere the authorities allege allied air strikes killed many civilians. bbc asked for evidence but none has been provided. >> in eastern libya two u.s. airmen were rescued after their fighter jet crashed because of apparent mechanical failure. there were reports six villagers were shot and hurt in the rescue effort. these are the first confirmed casualties of the conflict. >> it is the last thing the new coalition needs, an am
PBS
Mar 2, 2011 6:00pm PST
influence things. were he in a situation where the u.s. was trying to extradite him, they would be facing a death penalty case. these lawyers will probably argue that even though they are not seeking the death penalty, capital punishment is clearly an issue in this case. >> have they said anything yet? >> they have asked for his mental health to be assessed to see if it will proceed to a full trial. >> and the united states supreme court is in favor of a church anti-gay protests. the right to free speech -- and the church believes such deaths are god's punishment for homosexuality. >> hello and welcome. >> see the news unfold, get the top stories from around the globe and click-to-play video reports. go to bbc.com/news to experience the in-depth, expert reporting of "bbc world news" online. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. the john d. and catherine t. macarthur foundation. and union bank. >> union bank has put its global financial strength to work for a wide range of companies. what can we do
PBS
Mar 10, 2011 6:30pm PST
the jitters-- worries about china's economic growth, and some disappointing news about the u.s. job market. the selling was broad-based-- the dow fell 228 points, closing below the 12,000 level; the nasdaq lost 50, and the s&p 500 was down almost 25 points. >> tom: this stock selling comes as the bull market celebrated its second anniversary this week. could the rally be over, or just taking a pause? peter cohen is co-author of "capital rising," and he is with us from newton, massachusetts. lincoln ellis is the chief investment officer at the strategic financial group. he joins us from the cme group in chicago. welcome to nightly business report. nice to see both of you. >> thank you. >> thanks, tom. >> tom: peter, let's begin with you. time to buy more shares on these lower prices or to cut some of the losses you've seen recently and sell? >> i say it's time to buy. i mean it could go lower. i mean you could have a 5% correction can. but in general, the market is doing fan tasically. it's been up almost 100% since the low of march 2009. it's trading act a relatively low pe of aroun
PBS
Mar 25, 2011 6:00pm PDT
when a pro monarchy crowd began to throw stones at the other side. to libya. the u.s. military says the operation to protect civilians in the country have made good progress but that colonel gaddafi's forces pose a threat. a pentagon spokesman said they were still able to carry out attacks in places such as ajdabiya in the east despite attacks on supply lines. in a few minutes we'll have a report from there but first here's our world affairs editor john simpson. he is in tripoli. >> an r.a.f. fighter in action over libya. by intervening, the coalition has changed the situation completely. here in tripoli, it's a very different war indeed. missiles and bombs fall every night. but the main struggle is a propaganda one. libyan television is showing these pictures of civilians who have supposedly been killed in the raids. are they genuine? impossible to say. the international journalists in tripoli are immensely restricted. though we are free to say what we want without censorship. today, we were bust out to see what we were told was a hit on the civilian target. you could see the growi
PBS
Mar 12, 2011 12:30am PST
u.s. navy delivered coolants to one plant to prevent overheating. japan's transport infrastructure has and places been devastated, main roads ripped up, railway places -- railway lines diverted. passengers took refuge on the roof. in tokyo, people crowded into bus stations for buses that were going nowhere. the tokyo correspondent witnessed the frustration of stranded passengers. >> there is a huge line stretching down into the distance. people are waiting to catch a bus. there are thousands of people, millions of people on the streets of tokyo. all trains have been suspended. the official advice is to stay where you are. their shock of the to the earthquake. many people just want to go home. -- there is shock in the wake of the earthquake. >> there was another large quake in the north. the country is trying to assess the immense damage that the tectonic movement can inflict. >> we got the latest from the red cross's work that is just beginning in the northeast of the country. >> they joined the disaster management team in a government building and they are making all of the offici
PBS
Mar 8, 2011 6:00pm PST
trial in u.s. history. police investigate an organized crime syndicate that operated around the world. hello there as forces step up offenses against rebel areas, president obama's top national security advisors meet to outline what steps are realistic. washington as underscored any authorization of a no-fly zone must come from a united nation security council. >> colnel kadafi presented a front since the rebellion in his country began and more evidence of the fighting that split libya. these pictures show the situation a few days ago. government troops showing off flashes of what they claim is rebel held a&m mission. rebel forces say the situation in the city is very critical with fierce battles taking place. >> i don't think we can stand aside to let that happen. >> this british approach is something one prominent american politician has welcomed. >> a no-fly zone account be imposed fairly easily, not without challenges, but i would also point out that the air assets that gadhafi has is in a small space. a no-fly zone is what the people of libya are pleading for. >> i shall pu
PBS
Mar 19, 2011 12:30am PDT
the diplomatic efforts. i think it would be a good moment to send the signal. the u.s., the u.k., and france has allowed the cease-fire. we have said the conditions. after the summit, and the coming hours, i think we will go to lodge a the military intervention. -- launch a military intervention. >> they continue to attack rebel forces despite the ceasefire. he is now back from where he has sent this report. >> what began as a rebellion sounds more like a war. across the scrub land, attacked from the land, sea, and air. a fighter jet has been spotted. it is a graphic illustration of why a no-fly zone is needed. we have been listening to the sound of what appears to be a pretty brutal battle between the two sides. we can't go any further down this road. you can hear the sound of rockets and artillery landing. we believe the frontline is slightly closer. it is difficult to know what the tactics of the colonel hart, but they seem to be applying as much pressure as the no-fly zone is put into action. the is impossible to tell how many have died here. in a conflict that is turning ordinary
PBS
Mar 2, 2011 6:30pm PST
vehicle sales rose 29% compared to a year ago. u.s. brands made up 40% of sales. g.m. models were especially popular. joining us now: autonation's president, michael maroone. hi, mike, nice to have you on the program. >> hi, thanks for having me tonight. >> susie: so you've had two months of back to back strong sales, but as you heard on our report a lot of concerns about higher oil prices, higher gasoline prices getting close to $4 a gallon. could that break the momentum? >> susie, at this point it's not a factor in the purchase decision. we're seeing consumers have really normal spending pat earns, certainly fuel efficiency is a consideration, but it's not the driving factor. now as fuel prices move up or when fuel prices move up, it could be a factor. we call it the freak out point, and that's somewhere north of $4 a gallon. >> susie: so that's when consumers just say that's going to be just too much for me to fill a tank and they back off from coming into the showroom? >> no, i think it's actually where they move to different products. and we saw it back in 2008 where there wa
PBS
Mar 29, 2011 6:30pm PDT
home loans are growing in popularity, again, and whether you should consider one. >> suzanne: the u.s. supreme court heard arguments today in a mammoth gender discrimination case against walmart. the justices seemed sympathetic to the giant retailer in considering whether a small group of women can represent a huge nationwide class. walmart is accused of discriminating against female employees by denying promotions and paying them less than men. today, the court questioned whether the alleged treatment was part of a corporate policy. >> tom: the third largest u.s. stock exchange, called bats global markets, wants to compete with its bigger rivals. bats plans to launch a new listings service for u.s. stocks by the end of this year. the move opens the door for u.s. companies to take their shares public somewhere other than the new york stock exchange or nasdaq. bats is based in kansas city and already competes with those better-known exchanges in its trading business. >> suzanne: when it comes to banks and the lessons learned from the financial crisis, tonight's commentator says what's
PBS
Mar 22, 2011 12:00am PDT
secretary warren christopher. there is the subject of diplomacy. the u.s. is now engaged in three wars in three different muslim countries. the issue of diplomacy has never been more critical, it seems. we are glad you are joining us, including a look back at our interview with warren christopher, right now. >> all i know is his name is james, and he needs extra help with his reading. >> i am james. >> yes. >> to everyone making a difference -- >> thank you. >> you help us all live better. >> nationwide insurance supports tavis smiley. with every question and every answer, nationwide insurance is proud to join tavis in working to improve financial literacy and remove obstacles to economic empowerment, one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. kcet public television] tavis: a few programming notes. tomorrow night on the program, we will take a look at the relief and recovery operations in japan with architect hitoshi abe and a conversation with known play right eve ensler. later this week, a co-f
PBS
Mar 3, 2011 6:30pm PST
mexican trucks into the u.s. here's the deal-- if the trucks come in, mexico will drop $2 billion in tariffs on u.s. goods. our congress still has to sign off on it. if you carry on luggage when flying, you're costing uncle sam big bucks. t.s.a. screening of carry-on bags costs the federal government $260 million a year. the agency wants a hike in ticket security fees to cover those costs. still ahea- generation "y" is falling behind when it comes to investing. a look at the trend for those between 18 and 30 years old, and what it could mean for their future. >> susie: the contract dispute between nfl owners and the union representing the players. late today both sides agreed to extend contract talks through tomorrow. the original deadline was midnight tonight. now the n the nfl's lead attorney and nfl players met late this afternoon in washington, d.c., for more negotiations. the labor showdown could determine whether or not the american public will be able to watch their favorite sport. joining us now to talk about what's at stake, william gould, professor of law at stanford univer
PBS
Mar 16, 2011 6:00pm PDT
cheeve the u.s. nuclear regulatory agency left wiggle room when he made this truly dramatic station that -- that he didn't believe there was enough water left to cool the reactors. >> that's right energy secretary stephen chu said in his mind the situation at fukushima is worse than at three mile island when one nuclear reactor went into partial meltdown. fairly stark assessment from mer -- here. also the chair of the nuclear regular tate -- regulatory commission warned that u.s. military personnel and citizens in japan should actually withdraw to about 80 kilometers from the exclusion zone. the current zone is 20 kilometers. the u.s. is assessing that, their assessment is that it is more serious. >> and the french government recommending that their citizen are -- citizens -- citizens leave japan altogether in >> we haven't had a reaction to that. the u.s. military has so many people in the country, around 50,000 currently in japan. but the government says it's monitoring the situation very closely and we have word they are looking to get more equipment into hawaii to monitor the ra
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Mar 21, 2011 6:00pm PDT
u.s. says gaddafi's grip on the country is weakening. celebrations as air strikes check the advance of libyan forces in the east. but for how long? >> the truth is that colonel gaddafi's forces have not gone away and the cease fire that he declared appears meaningless. >> and the debate over the aims of the operation intensifies, president obama says the libyan leader has to go. in other news, protests in yemen gather pace. the president refuses to step down despite a number of high-profile defections. >> welcome to "bbc world news." explosions and anti-aircraft fire have been heard near tripoli as allied forces enforce the no-fly zone over libya for a third night. dozens of targets have been hit, but the coalitions say the libyan leader is not being targeted and insist that the campaign is aimed at protecting civilians. alan is in tripoli, starting our coverage with the latest of the allied support. >> from the ground, you cannot tell what is being hit, but you hear the impact of the missile strikes and the distant rumble of the blasts. what you see is the libyan response, anti-air
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Mar 23, 2011 6:30pm PDT
for joining us. new signs today the u.s. housing market still is struggling. susie, that's even as many parts of the economy are recovering. >> susie: tom, what got everyone concerned is the latest new home sales numbers. they fell to a record low. sales tumbled almost 17% in february. even lower prices couldn't bring in the buyers. the average selling price for a new home fell to $202,000. at the current sales pace, it would take almost nine months to sell all the new homes on the market. >> tom: this discouraging news comes right at the start of the spring selling season. erika miller reports. >> reporter: instead of eating during her lunch hour, angie moncada likes to go house hunting online. she and her husband have been waiting for spring to get serious about their search. >> we want to move somewhere around the beginning of june. also it seems like things are just picking up generally, and we're hoping that people who have been holding out on putting their homes on the market will be doing so now. >> reporter: it also doesn't hurt that home prices nationwide are still falling
PBS
Mar 3, 2011 12:00am PST
the longest war in u.s. history with former assistant secretary of defense and vietnam veteran bing west. in his book, he offers a speeding critique and says the u.s. military should not be in the business of nation-building. his new book is called "the wrong war." our conversation with bing west coming up right now. >> all i know is his name is james, and he needs extra help with his reading. >> i'm james. >> yes. >> to everyone making a difference, you help us all live better. >> nationwide insurance supports tavis smiley. with every question and answer, nationwide insurance is happy to help tavis improve financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: as i mentioned at the top, the war in afghanistan is in its 10th year, making it the longest in u.s. history. among those who question u.s. currency and policy for years now is bing west. his new book on the subject is called
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Mar 18, 2011 12:30am PDT
zone. what has changed for the u.s., do you think? >> what changed was the arab league to vote over the weekend. it was clear that there was going to be arab involvement in this move towards airstrikes which has been led by britain and france. america and president obama decided that the conditions were right to adopt a much more muscular approach at the security council this week. this probably would not have happened without america's vigorous support. crucially, of course, we have these five abstentions. 10 votes in favor and five against led by china and russia. interestingly of course, in that group is germany. germany, the biggest country in the european union, has very serious feelings about whether the air strikes are possible or whether they will lead to a potential escalation or a regional conflict. >> any of the ambassador's apart from the germans talk about military actions about strategic air strikes? >> no, what we had is a lot of rhetoric and a lot of show of unity. there is a tension. clearly no one is sure how this military action is going to proceed from here on in
PBS
Mar 11, 2011 6:00pm PST
lives in that earthquake. you have been following this since the moment it broke. >> from the u.s. geological survey, it is a particularly high magnitude. we are trying to get reports from the country as to the levels of damage. because it might be a high magnitude, but it doesn't necessarily indicate severe damage. they're trying to find information of how bad the damage is, and we will put the offer of assistance to that country. there has to be a diplomatic process that we go through. we have gone through that process and offer our assistance to the japanese government for that. we all have day jobs that we do outside of rapid uk. it is something for our organization, we are quite small. it can help us maintain the ability to respond. >> there are a couple of particular areas, the earthquake search and rescue, the tsunami search and rescue. >> the type of training, also the equipment. collapsed structures are inherently dangerous. if your working in the tsunami area, you have the water and the inability to move around. helicopters i think will be the transport of choice to get
PBS
Mar 9, 2011 6:00pm PST
very aware that gaddafi has accused the u.s. of planning a no-fly zone to steal libyan oil and some opposition groups are just as wary. >> this is not about the united states. it's not about western powers, european powers. it's about the people of the region and in this case the people of libya. >> obama's dilemma is that doing nothing runs a terrible risk. in reined the international community stood by -- rwanda the international community stood by as 800,000 were massacred and in bosnia a no-fly zone was not enough to prevent slaughter. in wap in the exclusive metro -- in wap in the scluche metro between the senators and congress, the world is keshed about what would -- is concerned about what would happen if americanot lead. >> against the popular movement of the people without recourse is serious question for all of us. >> if we stand by and let it happen, for sure, that will be a black mark on our record for a long time. >> but obama has given pause by the military reality, too. the u.s. military says stopping all flights by colonel gaddafi's air force would be a complex opera
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Mar 22, 2011 12:30am PDT
and towards the world in general, his opponents at this critical time. >> do you think the u.s. has become involved in an operation overseas without perhaps having an agreed identifiable end game or perhaps a clear strategy for delivery of perhaps protecting the libyan people that is so talks about? >> i'm afraid that is the fact. gaddafi's rhetoric was savage, going to purse them home to home, room to room annex terminate -- and exterminate the traitors. he is known as a man who can be merciless. is he truly genocidal? that is another question. but we are engaged now in a campaign which will only really end with him going from power, however that comes about. >> do you think that means that perhaps the likelihood of u.s. troops on the ground may occur? >> well, that is absolutely ruled out at this point in time by the administration, and it is really not in the mandate from the scurnl -- security council. i think libyan history guarantees a generally negative reaction of foreign forces in their land. >> but do you think that may be the long-term effect of what we are seeing happen
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Mar 29, 2011 12:30am PDT
? >> and now, "bbc world news america." >> president obama says the u.s. has a moral obligation to intervene in libya. he will now have control. >> america's role will be limited. we will not put ground troops into libya, but we will focus our unique capabilities on the front and at transfer responsibility to our allies and partners. tonight, we are fulfilling that pledge. >> the rebels meet heavy resistance but about a continue the walk westward. there is fighting in the western city hall as pro gaddafi forces and get back partial control. thank you for joining us, coming up, a state of maximum alert over the crisis at the fukushima nuclear plant. ♪ using western military force to evict colonel gaddafi from power would be a mistake according to president obama, a military mission protecting civilians to include regime change would be counterproductive. he just came under some criticism that he hasn't properly explains the goals of the military action or how long it would last. >> there is no question that libya and the world would be better off with gaddafi out of power. we will
PBS
Mar 2, 2011 12:30am PST
and chinese are not keen it. neither is the u.s. defense secretary. >> the u.n. security council resolution provides no authorization for the use of armed force. there is no unanimity among nato for the use of armed force. >> refugees are crossing the border from libya to tunisia. >> let's turn to the thousands of people fleeing the unrest in libya. the situation at the border has reached quite -- there is struggling to cope with the influx of people. our correspondent is at the point between the two countries. >> we want to leave, they shout. these people are stranded in no- man's land, out of libya, but not yet safely into tunisia. this border crossing point has been overwhelmed by a tide of humanity. more than 70,000 people so far and counting. the boston majority of both migrant workers from countries like egypt -- the majority of my co-workers from countries like egypt. -- migrant workers from countries like egypt. many are exhausted and sick. they had been traveling for days to get here. >> there has to be a massive effort, not just by one country, but an international effo
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Mar 8, 2011 12:00am PST
has been that way for quite a some time. if he is a thug he did not just become a thug, and the u.s. was having normalize relations. assess with me the history of the relationship we have had with this man and whether or not there is any hypocrisy in our dealings. >> you are so right. congratulations. thank you. thank you for saying this, because the hypocrisy has been so apparent for seven presidents. beginning with nixon, ford, carter, reagan, the bushes, clinton, and obama. mr. obama is an honorable man. i know he wants to do the right thing, but unfortunately he cannot because of some much internal opposition to opposing gaddafi. first of all are the oil companies. they want to see gaddafi stay in power. they get what they want and have access to whatever they want. the hypocrisy is we really cannot help libya. we cannot provide a no-fly zone. it just depends where you are. they will lead to it in africa because i hate to say this -- but it is racism. we saw hundreds of thousands of people slaughtered in africa and the europeans did nothing. pinkoson well -- inkosovo we have a n
PBS
Mar 23, 2011 6:00pm PDT
remains over who is in control of the operation. france, britain, and the u.s. has taken the lead but there is yet to be agreement. a meeting for talks has been scheduled for the key international players in london next week. ministers will have hoped to -- hope to have resolved the issue by then. >> the news from reuters, residents of tripoli said loud explosions have been heard in the ieee area. it is the fifth night of air strikes against colonel gaddafi is forces. that has come from city residents speaking to the reuters news agency. israeli prime minister benjamin netanyahu said israel will react aggressively and wisely after a first attack on a bus in jerusalem. one person was killed and 30 others injured after a blast of a crowded bus stop. there is much concern about another cycle of retaliation. >> chaos and confusion in central jerusalem this afternoon. traveling on a bus had been considered safe again. after the bombings of the early 2000's. people had almost forgotten what a bomb in the middle of this city sounds and looks like. this was the target, a bus full of commuters
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Mar 31, 2011 12:00am PDT
-sponsor of new legislation aimed tonight at defunding u.s. military action in libya. also tonight, actor jeffrey tambor is here. former larry sander star is out this spring with three different film projects, including "win-win" and upcoming feature "meeting spencer." we're glad you joined us congressman ron paul and actor jeffrey tambor, coming up right now. >> all i know is his name is james and he needs extra help with his reading. >> i'm james. >> yes. >> to everyone making a difference -- >> thank you -- >> you help us all live better. >> nationwide insurance supports "tavis smiley." with every question and every answer, nationwide insurance is proud to join tavis in working to improve financial literacy and remove obstacles to economic empowerment one nation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] >> for generations the united states of america has played a unique role as an anchor of global security and as an advocate for human freedom. mindful o
PBS
Mar 7, 2011 6:30pm PST
central bank's $600 billion bond buying program if he thinks it's threatening the u.s. economy. dallas federal reserve president richard fisher, a longtime critic of the program, said he's doubtful the purchases are doing much good. meanwhile, the fed says consumer borrowing increased in january. it was the fourth straight month of gains led by loans for automobiles and education. but consumers weren't using plastic. credit card debt fell by 6%. and the world's largest maker of luxury goods has a new crown jewel. french fashion firm l.v.m.h. will buy italian jeweler bulgari for $5 billion. still ahead, the economic impact of the n.f.l. "beyond the scoreboard" looks at how america's cities could be financially tackled if pro football is cancelled for the fall. >> susie: still no vote tonight on wisconsin's $137 million budget shortfall. the state's democratic lawmakers, who left for illinois nearly three weeks ago to prevent a vote on a controversial bill, asked today for a meeting with governor scott walker. they wanted it to take place in a location near the border of wisconsin and il
PBS
Mar 17, 2011 6:00pm PDT
bbc world news. >> welcome to bbc world news. the headlines -- the u.s. to carry council? action against colonel gaddafi with a resolution to -- the un council backs action against colonel gaddafi with a resolution. celebrations in been gaungazi ae news of the resolution reaches the rebels. desperate for aid, more than 300,000 people are still homeless and food is in short supply. >> the united nations security council has approved a resolution for the creation of a no-fly zone to protect the people of libya. the resolution calls for all necessary measures, but rules out the use of foreign ground troops. 10 countries voted in favor and none were against. there were five abstentions, including russia and china. >> when it came, there was no opposition to the plan that britain, france, and 11 on had presented. sit -- significantly, both russia and china were among the five countries to abstain. afterwards, britain made clear why its government felt it had to act. >> the world should not stand by and accept the dump the hospitality against his own people. this resolution. tonight in
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Mar 22, 2011 6:30pm PDT
, and trading volume was the lowest of the year. >> susie: so, what's next for the u.s. stock market? suzanne pratt got some answers. >> reporter: on wall street, they're calling it the "teflon market". throw at stocks an earthquake, tsunami, and nuclear crisis in japan, not to mention a war in libya, yet the dow is above 12,000. nyse broker ted weisberg is surprised by the market's resiliency. but says he finds the recent volatility very troubling. >> the volatility, to me, simply says that there's no confidence. yes, the market's had a dramatic move off the lows, but for the most part, this move has not be accompanied by a lot of volume on the upside of the swing. >> reporter: still, the question is whether stocks can maintain their non-stick status? experts say that will depend on the quality of corporate profits. we'll get that news starting in about three weeks. according to thomson reuters, which tracks earnings data, wall street will not be disappointed by first quarter results. s&p 500 firms are expected to show profit growth of 13.6% for q-1. that number has steadily improve
PBS
Mar 9, 2011 6:30pm PST
holding in u.s. treasuries. >> tom: we ask pimco's bill gross why he's bailing out of government debt and where he's putting money now. you're watching "nightly business" report for wednesday, march 9. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. the world's largest bond fund is betting against bonds. pimco's total return fund has sold off its government bond holdings to zero as of the end of february. tom, this is a strong signal from pimco's flagship fund that it sees little value in owning u.s. treasuries. >> tom: susie, as a result of those bond sales, pimco is sitting on $54 billion of cash. the fund still owns other kinds of bonds. it's holdings are diversified among mortgage bonds, corporate debt, foreign bonds and municipal securities. >> susie: so what's the reason behind the bond fire sale? joining us now: william gross, the founder and co-chief investment officer of pimco. hi,
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Mar 17, 2011 6:30pm PDT
. >> president obama works to ease fears at home saying the u.s. is not at risk from the radiation. >> susie: japan's disaster is raising questions about u.s. nuclear liability and the yen's continued surge as we continue our coverage of the japanese crisis. you're watching nightly business report for thursday, march 17th. >> this is nightly business this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. >> tom: good evening, thanks for joining us tonight. president obama said today japan's nuclear crisis won't affect the united states, susie. >> susie: you know, tom, the president spoke this afternoon from the white house rose garden and said he doesn't expect a nuclear radiation to be a risk for people inside the united states. >> i want to be very clear. we do not expect harmful levels of radiation to reach the united states, whether it's the west coast, hawaii, alaska or u.s. territories in the pas civic. >> susie: besi
PBS
Mar 11, 2011 6:30pm PST
markets. here in the u.s. despite the japan's stock index tumbled almost 180 points closing just minutes after the earthquake hit. >> tom: we spoke with our correspondent in tokyo. and began by asking lucy craft what's the initial assessment of damage to businesses and industry in japan. >> companies hit quite hard. sony, hond on, toyota, the major auto makers have a lot of factories up in northeastern japan. there's been a range of damage to these companies. so those factories will be kind of knocked out of operation for various amounts of time. fortunately, the northeastern area of japan is very sparsely populated. this is -- if you compare this to the kobe earthquake of 16 years ago, it accounts for a much smaller amount of gdp. >> reporter: what have you learned about the damage to the trainl systems and infrastructure? >> we haven't heard about the damage to the train system which is a major source of transportation here. when you talk about energy, though, it's a whole different ball of wax, and there's a lot of different questions hanging over one or two of japan's nuclear power p
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